Around the World: May 18, 2020
| Airline Name | Change From Last Week | Change From Last Year | Comments |
|---|---|---|---|
| American | -11% | -72% | Will be among the airlines presenting at a Wolfe Research virtual investor conference this week |
| Delta | -16% | -65% | First phase of Salt Lake City airport's $4.3b redevelopment project still scheduled to open in mid-September |
| United | -22% | -76% | Will have a key role in Avianca's bankruptcy restructuring as one of the carrier's top creditors |
| Southwest | -12% | -54% | Dallas Morning News notes how Southwest has borrowed $7b since crisis began, thus more than doubling its debt |
| Alaska | -15% | -58% | Seattle Paine Field shutting down all passenger air service through the end of July |
| JetBlue | -9% | -54% | Tells shareholders it's working "to determine what the size and shape of JetBlue will be in the future" |
| Hawaiian | -14% | -59% | Eliminated approximately 57% of the costs it originally expected to incur in Q2 |
| Spirit | -24% | -83% | Was the fastest growing major U.S. carrier between 2017 and 2019, in terms of ASMs (A4A) |
| Frontier | (not publicly traded) | Visual Capitalist shows how videoconferencing firm Zoom now worth more on stock market than U.S. Big 4 and European Big 3 combined | |
| Allegiant | 0% | -48% | Still intends to make nearly $300m of principal debt payments from now through the end of 2021 |
| SkyWest | -18% | -59% | Mesa planning to enter the cargo business, something it planned to do even pre-crisis |
| Air Canada | -14% | -62% | Making moves to cut more than half its workforce, which means more than 20,000 lost jobs |
| WestJet | (not publicly traded) | New owner Onex reports heavy Q1 net losses | |
| Aeromexico | -21% | -63% | Getting financial help (via loan and forward mileage sales) from Aimia, which owns part of its Club Premier loyalty plan |
| Volaris | -12% | -46% | Aeromexico-Aimia deal also extends relationship by 20 years, gives airline option to buy back Aimia's stake |
| LATAM | -11% | -64% | Among the many airlines announcing permanent layoffs; will have to compete with restructured Avianca |
| Gol | -1% | -52% | Has roughly $100m invested in hedge portfolio of 17m barrels of oil covering May 2020 to December 2022 |
| Azul | -19% | -68% | Says most of the people flying on its planes right now are paying in cash, as opposed to redeeming vouchers |
| Copa | -13% | -59% | Mentions the A321 XLR as a potential risk to its hub; will enable rivals to overfly Panama on some long-distance routes |
| Avianca | -55% | -85% | Liquidating its Peruvian subsidiary, though it might still operate Lima hub (already slimmed down pre-crisis) with its Colombian unit |
| Emirates | (not publicly traded) | Dubai was supposed to host Expo world's fair in October; will open next October instead | |
| Qatar | (not publicly traded) | Tells South China Morning Post it would consider putting more money into Cathay Pacific if asked | |
| Etihad | (not publicly traded) | Was offering pax service to only five North American cities pre-crisis: New York, Washington, Chicago, L.A., Toronto | |
| Air Arabia | -4% | 1% | Was originally hoping to launch new Abu Dhabi LCC with Etihad this quarter; Q3 or Q4 more realistic |
| Turkish Airlines | 0% | -13% | Hopes to get all of its domestic destinations back online next month; int'l reboot will take longer |
| Kenya Airways | 58% | -41% | IATA urges Nigeria, Africa's largest economy, to do more to support its airlines |
| South Africa Air. | (not publicly traded) | South Africa's finance minister said it's receiving lots of offers to buy various assets from the airline | |
| Ethiopian Airlines | (not publicly traded) | Believes it can finalize a B737 MAX compensation deal with Boeing by the end of June (Reuters) | |
| IndiGo | 6% | -39% | Parent company's interest in Virgin Australia could facilitate India-Australia flights; market served only by Air India |
| Air India | (not publicly traded) | Believe or not, creditors of Jet Airways still trying to sell it; carrier suspended service last year | |
| SpiceJet | 17% | -65% | Chairman Ajay Singh tells New Indian Express that nearly half its fare revenue gets taken in taxes and levies |
| Lufthansa | -3% | -59% | Brussles Airlines cutting its network by about 30%; also looking for more flexible work contracts |
| Air France/KLM | -7% | -53% | Labor talks with French unions get underway next month; company wants more flexibility to scale up and more importantly down |
| BA/Iberia (IAG) | -11% | -67% | Denies any interest in buying Austrian Airlines from Lufthansa |
| SAS | -2% | -48% | Icelandair reaches tentative pilot deal that includes productivity concessions; would run through fall, 2025 if ratified |
| Alitalia | (not publicly traded) | ENAV, Italy's air navigation company, sees gradual traffic recovery starting this summer | |
| Finnair | -8% | -56% | Tourism ranks fourth among E.U. export categories, after chemicals, automotive products, and food |
| Virgin Atlantic | (not publicly traded) | Air France/KLM was on track to buy 31% of its shares until backing out late last year; thank goodness for the Franco/Dutch carrier's sake | |
| easyJet | -6% | -50% | Founder and key shareholder Stelios still harassing management; offers reward to anyone with info that could sabotage carrier's Airbus order |
| Ryanair | -11% | -20% | Said it's lowered non-frontline headcount by about 250 at its Dublin, Stansted, Madrid, and Wroclaw offices |
| Norwegian | 14% | -86% | Now majority owned by its aircraft lessors, an odd arrangement; AerCap for one a big shareholder |
| Wizz Air | -3% | -22% | Poland, with Covid relatively well contained and migrant workers returning home, forecasted to fare least bad this year among top E.U. economies |
| Aegean | 8% | -40% | Greece, Cyprus, Portugal, and Croatia the E.U. countries with the highest percentage of GDP tied to tourism, according to European Commission |
| Aeroflot | -3% | -21% | IATA discussing the future of inflight meals with various stakeholders; Pre-packaged food? No food at all? |
| S7 | (not publicly traded) | Russia, India, Mexico, Brazil among the latest Covid hotspots; U.S., U.K., Italy lead in total deaths | |
| Japan Airlines | 1% | -50% | Privatization of Hiroshima's airport to proceed despite crisis, though pushed back until mid-2021 |
| All Nippon | 6% | -37% | Mitsubishi suspends development work on long-delayed SpaceJet; was hoping to deliver first to ANA in mid-2020 |
| Korean Air | -5% | -46% | Korea's Pulse News looks at small regional carrier Hi Fly, which is proceeding with plans to add more ATRs |
| Cathay Pacific | -3% | -28% | Has history of tense relations with unionized pilots; rancor could rise again as management contemplates job cuts |
| Air China | -6% | -37% | Domestic pax volumes for April were down 56% y/y; int'l volumes were still down nearly 100%; rivals show similar declines |
| China Eastern | -3% | -33% | Bloomberg profiles Serbia's Covid-era campaign to attract Chinese tourists |
| China Southern | -2% | -31% | Plans to raise more than $2b with new bond issuance; will use money to fund new aircraft, among other purposes |
| Singapore Airlines | -12% | -59% | Will permanently close its airport lounge in Adelaide, Australia; separately, B777-200s/300s, A330s likely on their way out |
| Malaysia Airlines | (not publicly traded) | Indonesia's Garuda closing in on government rescue package, Bloomberg reports; would include debt restructuring | |
| AirAsia | -5% | -71% | Adjusted its airport procedures and tweaked its mobile app to ensure contactless travel; no more touching kiosk screens, for example |
| Thai Airways | -20% | -59% | Gov't still trying to decide how best to save its national airline; putting it through a bankruptcy process one possibility |
| VietJet | -5% | -3% | Avation, a U.K. lessor, says VietJet filling 80% of its domestic flights, adding back service |
| Cebu Pacific | -6% | -49% | Air Carriers Association of the Philippines (ACAP) still lobbying for more government aid |
| Qantas | -1% | -37% | Australian regulators approve British Airways-Qatar Airways joint venture plans for Europe/U.K.-Australia routes |
| Virgin Australia | 0% | -52% | Just as Airline Weekly published, reports pointed to three leading bidders, one of them being Queensland's gov't |
| Air New Zealand | -1% | -55% | Will reopen domestic airport lounges on May 25 but no longer offer buffet food service |
| Brent Crude Oil | 5% | -55% | With economies slowly reopening across the world, oil demand is starting to grow, and so in tandem are oil prices |
Some stocks traded on multiple exchanges; not intended for trading purposes.